The Ogun State Government has shut down African Refractory and Allied Products Limited (ARAP), a company that crushes quartz stones into fine powder used in steel furnaces. The closure follows a viral video exposing serious health risks for workers. In the Footage, Bartholomew Aniemeka, a former employee, said he contracted silicosis, a severe lung disease …
Nigeria’s historic $6.1 billion non-oil export performance in 2025 is under pressure as the sharp correction in global cocoa prices in 2026 exposes the risks of relying heavily on raw commodity exports, according to Dele Oye. Oye, Chairman of the Alliance for Economic Research and Ethics, said while the 2025 milestone marked a significant achievement, …
Global aviation has been plunged into chaos as the war between the United States, Israel, and Iran continues, forcing widespread airspace closures, flight cancellations, and massive economic losses. Major Gulf hubs and airspaces across the Middle East remain shut or heavily restricted following a series of U.S. and Israeli strikes on Iran and Iran’s retaliatory …
The Nigeria Customs Service (NCS), Kano/Jigawa Area Command, has intercepted precious metals worth ₦116.28 million, allegedly smuggled into the country, at Mallam Aminu Kano International Airport, reinforcing efforts to secure borders and facilitate legitimate trade. The Acting Customs Area Controller, Deputy Comptroller of Customs Usman Adamu, handed over 22.80kg of suspected silver bars and a …
As Security crisis persists amid recurring attacks on communities by bandits and terror groups, security analyst Dr Steven Okwori has raised concerns about the poor responses of the government in tackling the menace. He stated that political promises alone, without serious institutional reforms and proactive actions, will not save lives. In an exclusive interview with …
Champion Breweries Plc took on ₦59.03 billion in new borrowings in 2025 to finance the ₦60.3 billion acquisition of the Bullet brand assets and other capital projects. This borrowing sharply increased its debt profile and pushed its gearing ratio to 89 per cent, Pinnacle Daily analysis of the company’s audited 2025 financial statement released on …
The Independent National Electoral Commission (INEC) has assured Nigerians of its capacity to electronically transmit election results in the 2027 general elections, while cautioning that a completely flawless process cannot be guaranteed. The Chairman of INEC, Joash Amupitan, gave the assurance on Sunday during the Citizens’ Town Hall programme aired live on Channels Television. The …
The global oil market was rattled on Monday, March 2, as crude prices surged toward $80 per barrel, driven by escalating tensions across the Middle East and fears of broader supply disruptions. According to data published by OilPrice.com, Brent Crude rose sharply on Monday, reaching $79.85 per barrel. The U.S. counterpart, West Texas Intermediate (WTI), …
The Federal Airports Authority of Nigeria (FAAN) has announced that the ongoing closure of airspaces in parts of the Middle East over the tension arising from attacks on Iran by the U.S. and Israel, has affected flights to and from the region. In a travel advisory issued on Sunday, FAAN said that following the developments, …
For decades, the national grid has been the only affordable path to power for the average Nigerian, but it remains unreliable. Experts have pointed out that the power crisis has constrained growth, frustrated households, and inflated business costs. In the absence of a stable electricity supply, people have often resorted to expensive petrol and diesel-powered …
